Euro Technical Outlook

Published May 15th, 2009 - 06:51 GMT
Al Bawaba
Al Bawaba

A push above 1.3742 is still required to satisfy the minimum requirement for wave Y, at which time I will expect a top and reversal (objectives are at points from 1.3800 to 1.4200).  Near term, a correction of the advance from 1.3250 to 1.3720 may be complete.